Bitstamp is an exchange based in Luxembourg that was founded in 2011. It allows trading and you also buy and sell cryptocurrencies. With this Bitstamp review we will also go over supported cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and more. 

To buy crypto you can use debit cards and credit cards as payment methods. Besides the payments with debit and credit cards, users from the United States can use ACH for deposits too. To withdraw funds, you can connect a bank account, so your funds will appear in your bank account quickly. 

As we mentioned, you can trade cryptocurrencies, and you can trade on an advanced trading platform. The trading platform offers advanced trading tools such as your trading interface, use your algorithmic strategy, and more.

Besides the web version, that you can use to trade or buy and sell crypto, you can use the mobile app too. With the application, that’s available on Apple Store and Google Play, you can trade and buy or sell crypto through your phone.

The supported team it’s available 24 hours a day and 7 days a week. You can contact the support team via the phone number or submit an email message.

Cryptocurrencies supported

Currently, Bitstamp supports less than 10 cryptocurrencies. The supported crypto-list includes some of the major crypto coins such as Bitcoin, Ripple, Ethereum, Litecoin, and more. But, more than 20 pairs are supported that are available only ton the trading platform. 

The supported list of cryptocurrencies that you can buy and sell includes: 

Bitcoin (BTC), Bitcoin Cash (BCH), Ripple (XRP), Litecoin (LTC), Ethereum (ETH), Stellar (XLM), and Paxos (PAX).

Countries supported

The following countries are supported, that can use the Bitstamp. Clients from the United States are also allowed to use the Bitstamp.

Albania, Andorra, Armenia, Austria, Australia, Azerbaijan, Belarus, Belgium, Bosnia and Herzegovina, Bulgaria, Brazil,  Bahrain, Bahamas, China, Cyprus, Czech Republic, Denmark, Estonia, EcuadorCroatia, Finland, France, Georgia, Germany, Greece, Hungary, Iceland, Ireland, Italy, Kazakhstan, Latvia, Liechtenstein, Lithuania.

Jordan, Luxembourg, Northern Macedonia, Malta, Moldova, Monaco, Montenegro, Netherlands, Norway, Poland, Portugal, Romania, Russian Federation, San Marino, Serbia, Slovakia, South Korea, Saudi Arabia, Slovenia, Spain, Sweden, Switzerland, Singapore, Turkey, Ukraine, United Kingdom, Vatican City, South Africa, Hong Kong, Taiwan, India.

Buy & Sell crypto

To buy crypto with Bitstamp, you need to create an account first. Then a deposit is required, so you can deposit funds through the Bitstamp website. You can also use the mobile app to deposit funds and buy crypto. 

Then, choose your cryptocurrency and the amount you wish to buy. Once, you complete these details, finish the process by confirming your buy order by clicking the button.

As we mentioned, you can use the mobile app to buy and sell cryptocurrencies. The mobile app it’s smoother to use and we can highly recommend it to use. You can quickly buy and sell Bitcoin, Bitcoin Cash, Ethereum, Ripple, and Litecoin.

Trade crypto

Bitstamp offers an advanced trading platform with many features and options. You can trade over 20 crypto markets such as BTC/USD, BTC/EUR, ETH/USD, ETH/EUR, and more. The available pairs to trade include:

BTC / USD, BTC / EUR, BTC / GBP, BTC/ PAX, ETH / USD, ETH/ EUR, ETH / BTC, ETH / GBP, ETH / PAX, XRP / USD, XRP / EUR, XRP / BTC, XRP / GBP, XRP / PAX, BTC / USD, BCH / EUR, BCH / BTC, BCH / GBP, LTC / USD, LTC/ EUR, LTC / BTC, LTC / GBP, XLM / BTC, XLM / USD, XLM / EUR, XLM / BTC, XLM / GBP, PAX / USD, PAX / EUR, PAX / GBP, EUR/USD, GBP / USD, and GBP/ EUR.

The trading platform design on the website it’s based on dark design. The top menu lists some of the main menus that you can use to deposit, withdraw, access news, and more. From the top left menu, you can choose your pairs. 

You can also see the latest transactions such as the time, amount, and price. The chart in the middle of the trading platform provides details such as the lowest price and the highest price during the 24-hours. Bitstamp trading platform has partnered with the TradingView analysis platform. 

As you may know, TradingView is one of the best platforms to analyze crypto, forex, and other financial markets. You can use the TradingView tools such as trend lines, objects, indicators, and more. These tools can help you to get a better analysis of the crypto markets.

On the top right, you have the order menu. You can open limit orders, instant orders, or stop orders. All of your orders are executed with fast execution speed. And below the execution order table, you have the menu of your current and past orders. 

In that menu, you can see your current open orders that haven’t been executed yet. You can also see your closed orders in a different range of time. The mobile app can be used to trade all the pairs that are available from the web version.

Deposit & Withdrawal

Clients outside the European zone can use the International Bank Wire Transfer. Deposit with International Wire Transfer can take 2 to 5 business days to be processed in your account. The minimum amount that you can deposit is $50 and a minimum fee of $7.50 will be charged in your account. 

SEPA Bank Transfers it’s available for 28 European countries. Deposits with SEPA can take 1 to 3 business days to be processed. Bitstamp does not charge any fees when you deposit funds with SEPA. Fees will apply if you withdraw funds, so a fee of 3 Euro will be charged. 

To deposit funds with a debit card or credit card, you can use both Visa and MasterCard. The deposit process may take some minutes and the withdrawal can take more than 1 business day to be processed. A fee of 5% will apply when you deposit and also when you withdraw funds.

Cryptocurrency deposits are supported and you can deposit with Bitcoin, Bitcoin Cash Ripple, Ethereum Litecoin, Stellar, and Paxos. 

To deposit funds the payment methods that we mentioned, click on the “Deposit” menu.

From the top left menu, you have all payment methods to deposit. For e.x if you choose Bitcoin, then you will see a Bitcoin address that will be generated.

You need to transfer funds into that address and complete the deposit. The deposit process with Bitcoin can take more than an hour to be processed. 

Bitstamp will process your funds once 3 Blockchain confirmations are made. You can request a new deposit address every 24 hours.

Once your BTC deposit has been processed and your funds have been added, you will also receive an email notifying you of the successful deposit.

Fees

Trading Fees

Fee %30 days USD volume
0.50%< $10,000
0.25%< $20,000
0.24%< $100,000
0.22%< $200,000
0.20%< $400,000
0.15%< $600,000
0.14%< $1,000,000
0.13%< $2,000,000
0.12%< $4,000,000
0.11%< $20,000,000
0.10%< $50,000,000
0.07%< $100,000,000
0.05%< $500,000,000
0.03%< $2,000,000,000
0.01%< $6,000,000,000
0.005%< $10,000,000,000
0.0%< $10,000,000,000

Deposit and Withdrawal Fees

SEPA 

Transaction typeFee
DepositFree of charge
Withdrawal3.00 EUR

Debit Card & Credit Card

Purchase amountFee
Any amount5% (your card issuer may charge additional fees)

International Bank Wire Transfer

Transaction typeFee
Deposit0.05% (min fee = 7.5 USD/EUR, 5 GBP*, max fee = 300 USD/EUR, 250 GBP*)
Withdrawal(min fee = 25 USD/EUR/GBP*. Your bank may charge additional fees.)

Other Fees

Service typeSEPAInternational Wire
Transfer return0.25% (min fee = 25 EUR)0.25% (min fee = 50 USD)
Transfer trace30 EUR35 USD
Transfer amendments30 EUR35 USD
Administrative costs50 EUR35 USD
Transfer recall30 EUR35 USD
Transfer receipt30 EUR35 USD
Bounced back transfersCharged like a regular bank depositCharged like a regular bank deposit

Bitcoin

Transaction typeFee
DepositFree of charge
Withdrawal0.0005 BTC
Withdrawal using BitGo Instant0.1%

Ripple

Transaction typeFee
DepositFree of charge
Withdrawal0.02 XRP

Litecoin

Transaction typeFee
DepositFree of charge
Withdrawal0.001 ETH

Bitcoin Cash

Transaction typeFee
DepositFree of charge
Withdrawal0.0001 BCH

Stellar

Transaction typeFee
DepositFree of charge
Withdrawal0.005 XLM

Paxos

Transaction typeFee
DepositFree of charge
Withdrawal0.5 PAX

Account verification

Verification is not required, so you can buy, sell, or trade cryptocurrencies. But verifying your account will unlock you some other limits such as the payment methods with Bank Transfer. If you have a personal account, then you need to submit your personal documents. 

If you have registered as a corporate account type, then you need to submit a document of your business. To verify your personal account, you need to provide an ID card, Passport, or Driver’s License. 

You’ll also need to prove your residence address by submitting a utility bill, bank statement, or another document that shows your address. Another verification is required, which is phone verification. 

You need to verify your phone by submitting the code that you received in your phone number. Once you complete this step, the verification is completed and you gain access to all features of your Bitstamp account.

Bitstamp used the Know-Your-Customer verification system to verify your identity. Usually, the verification process may take several minutes. 

Client Support

The Frequently Asked Questions (FAQ) contains articles that explain fees, account types, deposit, withdrawal, and other services. Besides the FAQ page, you can contact the support team to get answers about any issues, questions you have.

The support team it’s available 24/7 according to the Bitstamp website. You can call the support team via phone number. And you can also submit a ticket or send an email. Currently, Bitstamp does not offer support through live chat.

Summary

Bitstamp is a professional exchange platform with many options for payment methods. You can buy and sell major cryptocurrencies through the mobile app and the website. The fees are not very competitive if we compare with the fees of other crypto exchanges. 

You also don’t have many cryptocurrencies that you can buy, sell, or trade. But most of the major cryptocurrencies are supported. Bitstamp has a high volume in trading, with more than 5,000 Bitcoins volume per day. 

The trading platform it’s available to trade from your phone and the website. You can use the mobile buy and sell crypto, and the mobile app it’s very friendly and not complicated to use. Overall we hope you enjoyed this bitstamp review and we would also recommend reading our Kraken Review as well.

Get Started at Bitstamp here!

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